Landstar System Inc, based in Jacksonville FL, reported revenue rose 19% to a record $502 million in the 2005 first quarter from $421 million in the 2004
Landstar System Inc, based in Jacksonville FL, reported revenue rose 19% to a record $502 million in the 2005 first quarter from $421 million in the 2004 first quarter. Net income for the 2005 first quarter was a record $17.9 million, compared with net income of $8.1 million for the 2004 first quarter. Operating margin was 6.0% in the 2005 first quarter versus 3.3% in the 2004 first quarter.
The firm's carrier group of companies generated $371 million of revenue in the 2005 first quarter, compared with revenue of $322 million in the 2004 first quarter. Landstar's multimodal services group of companies produced $124 million of revenue in the 2005 first quarter in contrast to $92 million of revenue in the 2004 first quarter.
“Landstar's 2005 first quarter performance was the best first quarter operating performance in its history,” said Henry Gerkens, Landstar president and chief executive officer.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...
